New Hampshire Automobile Reinsurance Facility
New Hampshire Automobile Reinsurance Facility consistently spends more than it earns, drawing down assets.
EIN: 132882101 · Johnston, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $81K |
| Total Expenses | $190K |
| Program Spending | 80% |
| Net Assets | $171K |
| Transparency Score | 50/100 |
Is New Hampshire Automobile Reinsurance Facility Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Hampshire Automobile Reinsurance Facility directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Hampshire Automobile Reinsurance Facility
New Hampshire Automobile Reinsurance Facility (EIN: 132882101) is a nonprofit organization based in Johnston, RI. The organization reported total revenue of $81K and total assets of $257K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hampshire Automobile Reinsurance Facility's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hampshire Automobile Reinsurance Facility is a micro nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $119K |
| Total Expenses | $190K |
| Surplus / Deficit | $-70,984 |
| Total Assets | $304K |
| Total Liabilities | $133K |
| Net Assets | $171K |
| Operating Margin | -59.5% |
| Debt-to-Asset Ratio | 43.9% |
| Months of Reserves | 19.2 months |
Financial Health Grade: B
In 2023, New Hampshire Automobile Reinsurance Facility reported a deficit of $71K with expenses exceeding revenue, holds 19.2 months of operating reserves (strong position), has a debt-to-asset ratio of 43.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Hampshire Automobile Reinsurance Facility's revenue has declined at a compound annual growth rate (CAGR) of -12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.4% | -35.2% | -22.8% |
| 2022 | +3.0% | +62.3% | +17.9% |
| 2021 | -11.8% | -18.9% | -28.9% |
| 2020 | -18.7% | +11.8% | -10.9% |
| 2019 | -24.7% | +3.9% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Hampshire Automobile Reinsurance Facility with a Mission Score of 50 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, New Hampshire Automobile Reinsurance Facility allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $71K, with expenses exceeding revenue.
- Debt-to-asset ratio: 43.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating no salaries are paid to officers, which is a positive sign for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New Hampshire Automobile Reinsurance Facility's IRS 990 filings:
- Consistent net deficits, with expenses exceeding revenue in most recent years (e.g., $190,290 expenses vs. $119,306 revenue in 2023).
- Significant decline in assets from a peak of $930,973 in 2014 to $303,705 in 2023.
- High liabilities relative to assets (e.g., $133,178 liabilities vs. $303,705 assets in 2023), which could indicate significant future obligations.
Strengths
The following positive indicators were identified for New Hampshire Automobile Reinsurance Facility:
- Consistent and transparent IRS 990 filings over 13 periods.
- No executive compensation reported across all filings, indicating efficient use of funds in this area.
- Likely fulfilling a specific, necessary function within the insurance industry, even if not a traditional charity.
Frequently Asked Questions about New Hampshire Automobile Reinsurance Facility
Is New Hampshire Automobile Reinsurance Facility a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hampshire Automobile Reinsurance Facility (EIN: 132882101) some concerns. Mission Score: 50/100. 3 red flags identified, 3 strengths noted.
How does New Hampshire Automobile Reinsurance Facility spend its money?
New Hampshire Automobile Reinsurance Facility directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Hampshire Automobile Reinsurance Facility tax-deductible?
New Hampshire Automobile Reinsurance Facility is registered as a tax-exempt nonprofit (EIN: 132882101). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Hampshire Automobile Reinsurance Facility located?
New Hampshire Automobile Reinsurance Facility is headquartered in Johnston, Rhode Island and files with the IRS under EIN 132882101.
How many years of IRS 990 filings does New Hampshire Automobile Reinsurance Facility have?
New Hampshire Automobile Reinsurance Facility has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $81K in total revenue.
Is the New Hampshire Automobile Reinsurance Facility a good charity?
It is not structured as a traditional charity but rather as a reinsurance facility. Its 'goodness' should be assessed based on its effectiveness in fulfilling its specific mandate to manage automobile reinsurance risks, rather than typical charitable impact metrics.
Why does the organization consistently have expenses exceeding revenue?
This pattern, observed in most recent years (e.g., $190,290 expenses vs. $119,306 revenue in 2023), is common for reinsurance facilities that may be paying out claims or managing obligations that exceed current premium income, potentially drawing from reserves built in prior periods.
What is the purpose of the New Hampshire Automobile Reinsurance Facility?
While the NTEE code is unknown, its name suggests it serves as a mechanism for insurance companies to share or cede risks related to automobile insurance in New Hampshire, likely to stabilize the market or ensure coverage availability.
Filing History
IRS 990 filing history for New Hampshire Automobile Reinsurance Facility showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Hampshire Automobile Reinsurance Facility's revenue has declined by 79.6%, moving from $585K to $119K. Total assets decreased by 75.3% over the same period, from $1.2M to $304K. Total functional expenses fell by 66.8%, from $573K to $190K. In its most recent filing year (2023), New Hampshire Automobile Reinsurance Facility reported a deficit of $71K, with expenses exceeding revenue. The organization holds $133K in liabilities against $304K in assets (debt-to-asset ratio: 43.9%), resulting in net assets of $171K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $119K | $190K | $304K | $133K | — | — |
| 2022 | $115K | $293K | $394K | $222K | — | View 990 |
| 2021 | $112K | $181K | $334K | $208K | — | View 990 |
| 2020 | $127K | $223K | $469K | $333K | — | — |
| 2019 | $156K | $199K | $527K | $381K | — | View 990 |
| 2018 | $208K | $192K | $548K | $412K | — | View 990 |
| 2017 | $228K | $629K | $713K | $567K | — | View 990 |
| 2016 | $257K | $327K | $457K | $308K | — | View 990 |
| 2015 | $317K | $438K | $512K | $377K | — | View 990 |
| 2014 | $395K | $346K | $931K | $731K | — | View 990 |
| 2013 | $477K | $532K | $1.1M | $965K | — | View 990 |
| 2012 | $484K | $708K | $1.3M | $1.1M | — | View 990 |
| 2011 | $585K | $573K | $1.2M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $119K, expenses of $190K, and assets of $304K (revenue +3.4% year-over-year).
- 2022: Revenue of $115K, expenses of $293K, and assets of $394K (revenue +3.0% year-over-year).
- 2021: Revenue of $112K, expenses of $181K, and assets of $334K (revenue -11.8% year-over-year).
- 2020: Revenue of $127K, expenses of $223K, and assets of $469K (revenue -18.7% year-over-year).
- 2019: Revenue of $156K, expenses of $199K, and assets of $527K (revenue -24.7% year-over-year).
- 2018: Revenue of $208K, expenses of $192K, and assets of $548K (revenue -9.1% year-over-year).
- 2017: Revenue of $228K, expenses of $629K, and assets of $713K (revenue -11.0% year-over-year).
- 2016: Revenue of $257K, expenses of $327K, and assets of $457K (revenue -19.1% year-over-year).
- 2015: Revenue of $317K, expenses of $438K, and assets of $512K (revenue -19.7% year-over-year).
- 2014: Revenue of $395K, expenses of $346K, and assets of $931K (revenue -17.3% year-over-year).
- 2013: Revenue of $477K, expenses of $532K, and assets of $1.1M (revenue -1.3% year-over-year).
- 2012: Revenue of $484K, expenses of $708K, and assets of $1.3M (revenue -17.3% year-over-year).
- 2011: Revenue of $585K, expenses of $573K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hampshire Automobile Reinsurance Facility:
Data Sources and Methodology
This transparency report for New Hampshire Automobile Reinsurance Facility is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.